Business
Heritage Mining Provides Update on Drilling Program and Corporate Update
VANCOUVER, BC – TheNewswire - May 8, 2023 – Heritage Mining Ltd. (CSE:HML) (“Heritage” or the “Company”) is pleased to announce the Company has begun mobilizing
About this update from Heritage Mining Ltd.
[{"type":"text","content":"VANCOUVER, BC – TheNewswire - May 8, 2023 – Heritage Mining Ltd. (CSE:HML) (“Heritage” or the “Company”) is pleased to announce the Company has begun mobilizing field teams in advancement of its fully permitted Phase 1 exploration drilling program at its flagship Drayton – Black Lake project (or the “Project”) located near Sioux Lookout, Ontario. The Project is located within Eagle-Wabigoon-Manitou greenstone belt of the Wabigoon Subprovince, which also hosts the Treasury Metals Inc.’s (TSE:TML) Goliath and Goldlund deposits. The Company is also pleased to announce its participation via sponsorship and attendance to the Lac Seul Career Fair this coming May 10th, 2023. 2022 Summary Our 2022 program which confirmed widespread Au-Ag mineralization hosted in deformation zones ranging from discrete 3-5m wide shear structures (New Millennium) to broad (>200m) composite deformation zones (Alcona Main and Moretti Areas). Channel results along with grab samples confirm the presence of extensive, structurally controlled and locally high-grade Au-Ag mineral systems. 2023 Exploration Plans The Company’s 2023 exploration program includes detailed mapping, channel sampling and 3D geologic block modeling in advance of planned and permitted phase one drilling at Alcona, Moretti and New Millennium: Alcona: Mineralized deformation corridor over 1km strike by 200m wide consisting of multiple discrete zones of deformed volcanic rocks and shear parallel quartz veins open in all directions (Figure 2); Moretti: Mineralized deformation corridor over 2,500m of strike 500m wide consisting of discrete zones of deformed volcanic rocks and shear parallel quartz veins ranging from cm to meter scale (Figure 3); and New Millennium (Never Drilled): At least three mineralized deformation corridors consisting of multiple discrete zones of deformed volcanic rocks and shear parallel quartz veins, rocks up to 2330g/t gold (Figure 2). A 3D geologic and structural block model will help further refine the drill design and help in prioritizing the pipeline of precious and base metal projects for future follow-up exploration. Historic Exploration Highlights: Over twenty base and precious metal prospects within seven mineralized zones, over a 15,257-hectare land package (Figure 1) 157 historical drill holes c...